Obama Camp Goes After McCain for Keating Five Scandal

Barack Obama’s campaign is attacking John McCain for his involvement in the 1989 Keating Five scandal, in which five senators including McCain were investigated for their roles in helping to shield Arizona financier and real estate developer Charles Keating from banking regulations.

The Obama camp e-mailed the following web video to supporters last night; at noon Eastern Standard Time today, it will release an online documentary on the scandal, seeking to outline McCain’s previous push for banking deregulation in light of the current financial crisis.

“The McCain campaign has tried to avoid talking about the scandal, but with so many parallels to the current crisis, McCain’s Keating history is relevant and voters deserve to know the facts–and see for themselves the pattern of poor judgment by John McCain,” Obama Campaign Manager David Plouffe wrote in last night’s e-mail.